Manufacturing notches third consecutive month of growth
Economic activity in the manufacturing sector grew in July, with the overall economy notching a third consecutive month of growth.
“The July PMI registered 54.2 percent, up 1.6 percentage points from the June reading of 52.6 percent. This figure indicates expansion in the overall economy for the third month in a row after a contraction in April, which ended a period of 131 consecutive months of growth," said Timothy R. Fiore, chair of the Institute for Supply Management Manufacturing Business Survey Committee.
The index reached its highest level of expansion since March 2019, when it registered 54.6 percent.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
